New Regulations in Japan on Security Token Offerings

By Koichiro Ohashi, Makoto Koinuma, Yukari Sakamoto & Sayaka Uno on July 25, 2019

A bill to amend the Act on Settlement of Funds and the Financial Instruments and Exchange Act (FIEA) has passed both the upper and lower houses of Japan’s National Diet and was enacted on May 31, 2019. The amendments enhance the regulations on ICOs (Initial Coin Offerings) by applying the securities regulations under the FIEA when an ICO is an investment program, i.e., the investors expect to receive distribution of profits from the issuer. This…

Financial Services Observer

Proposed Amendment to Japanese Crypto Asset Laws

By Koichiro Ohashi, Makoto Koinuma, Yukari Sakamoto & Sayaka Uno on May 1, 2019

A bill to amend the Japanese laws regulating cryptocurrency exchange businesses or financial instruments transactions, including the Act on Settlement of Funds (Settlement Act) and the Financial Instruments and Exchange Act (FIEA), was submitted to the Diet on March 15, 2019. The bill proposes to call cryptocurrencies “Crypto Assets” (CA) rather than “Virtual Currencies” (VC) and intends to introduce additional regulations to ensure user protection, regulate derivatives trades on cryptocurrencies, and establish a more transparent…

GT Israel Law Blog

The ‘Global Financial City Tokyo’ Initiatives

By Koichiro Ohashi, Makoto Koinuma & Eri Yoshimura on August 29, 2017

Tokyo used to be one of the biggest global financial centers rivaling New York and London. Now, being far behind Hong Kong and Singapore, Tokyo Metropolitan Government (TMG) aims to return as a top global financial center. In its attempt to once again become a global financial city, TMG appears to be willing to accommodate demands from foreign financial players. In June 2017, TMG released the interim report on the “Global Financial City Tokyo” Initiatives…

Financial Services Observer

The ‘Global Financial City Tokyo’ Initiatives

By Koichiro Ohashi, Makoto Koinuma & Eri Yoshimura on August 8, 2017

Tokyo used to be one of the biggest global financial centers, rivaling New York and London. Now, it is viewed by many as having fallen far behind Hong Kong and Singapore as an Asian financial center. However, the Tokyo Metropolitan Government (TMG) now aims to return the city to its status as a top global financial center. In its attempt to once again become a global financial city, TMG appears to be willing to solicit…

Financial Services Observer

Japanese Fintech Regulation Update: New Law & Regulations on Electronic Banking Settlement Agency Service

By Koichiro Ohashi, Makoto Koinuma, Yukari Sakamoto & Eri Yoshimura on April 17, 2017

The Financial Service Agency of Japan (JFSA) submitted a bill (Bill) to the National Diet to amend the Banking Act (Act No. 59 of 1981, as amended, the Banking Act) on March 3, 2017, to employ a new regulation on the electronic banking settlement agency service (Electronic Settlement Agency Service or Service), which provides agent services for bank account holders, such as giving a remittance instruction to banks or receiving bank account information from a bank…

Makoto Koinuma

New Regulations in Japan on Security Token Offerings

Proposed Amendment to Japanese Crypto Asset Laws

The ‘Global Financial City Tokyo’ Initiatives

The ‘Global Financial City Tokyo’ Initiatives

Japanese Fintech Regulation Update: New Law & Regulations on Electronic Banking Settlement Agency Service

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